Global South seeks democratic, diversified re-globalisation: Jaishankar
The HinduExternal Affairs Minister S Jaishankar on Sunday made a strong pitch for a “more diversified and more democratic” re-globalisation, saying the Global South can no longer be at the mercy of a few suppliers. Addressing the B20 Summit organised by the CII in New Delhi, he said the Global South was largely reduced to being a consumer rather than being a producer and could not reap the full benefits of economic change. That is where business can make a crucial difference,” he said addressing a session on 'Role of Global South in Emerging World 2.0'. Mr. Jaishankar said the core mandate of G20 was to promote economic growth and development and it cannot advance if the crucial concerns of the Global South in areas such as debt and finance, sustainable development, climate action, food security and women-led development were not addressed.